# Connecticut SB 00218: AN ACT CONCERNING THE COMMUNITY BANK AND CREDIT UNION INVESTMENT PROGRAM, MORTGAGE PAYMENTS, PENALTIES FOR VIOLATIONS OF RENTAL SECURITY DEPOSIT REQUIREMENTS, CERTAIN APPROVALS BY THE BANKING COMMISSIONER, CONNECTICUT BRANCH APPLICATIONS AND SECURED CREDIT CARDS.

Connecticut SB 00218, AN ACT CONCERNING THE COMMUNITY BANK AND CREDIT UNION INVESTMENT PROGRAM, MORTGAGE PAYMENTS, PENALTIES FOR VIOLATIONS OF RENTAL SECURITY DEPOSIT REQUIREMENTS, CERTAIN APPROVALS BY THE BANKING COMMISSIONER, CONNECTICUT BRANCH APPLICATIONS AND SECURED CREDIT CARDS., is a 2026 Regular Session Senate bill sponsored by Banking Committee; status signed, last action 2026-05-27 (Signed by the Governor); PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/CT-SB00218-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Connecticut SB 00218
- State: Connecticut
- Session: 2026 Regular Session
- Title: AN ACT CONCERNING THE COMMUNITY BANK AND CREDIT UNION INVESTMENT PROGRAM, MORTGAGE PAYMENTS, PENALTIES FOR VIOLATIONS OF RENTAL SECURITY DEPOSIT REQUIREMENTS, CERTAIN APPROVALS BY THE BANKING COMMISSIONER, CONNECTICUT BRANCH APPLICATIONS AND SECURED CREDIT CARDS.
- Status: signed
- Chamber: Senate
- Introduced: 2026-02-18
- Last action: 2026-05-27, Signed by the Governor
- Sponsor: Banking Committee
- Cosponsors: 4
- Subjects: banking
- Touches household money: yes
- Roll calls: 3 (0 yes, 0 no in all)
- Economic provisions PRIA read: 6

## Summary

To require the Department of Banking to study and submit a report concerning banking issues in the state.

## Bill overview: provisions PRIA read

- Stronger enforcement protects renters' security deposits: benefit, medium. Beginning October 1, 2026, Connecticut's Banking Commissioner gains stronger tools to enforce rental security deposit rules. After finding a violation within the commissioner's authority, the commissioner can order a landlord to pay a civil penalty. The commissioner can also order the landlord to s…
- Homeowners gain mortgage early payment rights: benefit, low. For loans made on or after January 1, 2027, mortgage owners and servicers must accept full or partial principal prepayments. The loan must cover an owner-occupied, one- to four-family home, and all monthly payments must be current. Loan terms and applicable law may allow the money to cover other am…
- Bank reviews now consider credit-building products: benefit, low. Beginning October 1, 2026, Connecticut's Banking Commissioner must consider credit-building products when reviewing a bank's community reinvestment performance. Reviews consider loans or deposit products that help local residents establish or improve credit, including low- and moderate-income resid…
- Community lenders gain state investment applications: benefit, low. Beginning October 1, 2026, the Treasurer must replace competitive bidding with applications for eligible Connecticut community banks and credit unions. Participation in the state investment program depends on available cash and the program's eligibility limits. The Treasurer may accept service rate…
- Some bank deals lose competition safeguards: cost, low. Beginning October 1, 2026, one statutory competition restriction no longer applies to bank approvals under section 36a-145. That restriction blocks transactions that create a monopoly or substantially reduce competition, unless public benefits clearly outweigh the harm. The law removes this restric…
- Faster bank approvals, fewer service plans: mixed, low. Beginning October 1, 2026, eligible covered bank applications receive automatic approval five business days after comments close, replacing the twelfth-day deadline. Timely written notice pauses approval for adverse comments, reinvestment or compliance concerns, supervisory concerns, legal or polic…

## Sponsors and cosponsors

- Sponsor: Banking Committee
- Cosponsor: Chris Stewart (Republican), House
- Cosponsor: Fred Gee (Democratic), House
- Cosponsor: Nicholas Menapace (Democratic), House
- Cosponsor: Tom Delnicki (Republican), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-10 | House | House Roll Call Vote 259 AS AMENDED | pass |   |   |   |
| 2026-03-10 | Senate | Senate Roll Call Vote 106 | pass |   |   |   |
| 2026-03-10 | Senate | BA Vote Tally Sheet (Joint Favorable) | pass |   |   |   |

## Actions (20)

- 2026-05-27: Signed by the Governor (legislature)
- 2026-05-22: Transmitted by Secretary of the State to Governor (legislature)
- 2026-05-22: Transmitted to the Secretary of State (legislature)
- 2026-05-19: Public Act 26-79 (legislature)
- 2026-05-05: In Concurrence (legislature)
- 2026-05-05: House Passed as Amended by Senate Amendment Schedule A (House)
- 2026-05-05: House Adopted Senate Amendment Schedule A (House)
- 2026-04-16: House Calendar Number 460 (House)
- 2026-04-16: Favorable Report, Tabled for the Calendar, House (House)
- 2026-04-15: Senate Passed as Amended by Senate Amendment Schedule A (Senate)
- 2026-04-15: Senate Adopted Senate Amendment Schedule A 4128 (Senate)
- 2026-03-19: File Number 75 (legislature)
- 2026-03-19: Senate Calendar Number 75 (Senate)
- 2026-03-19: Favorable Report, Tabled for the Calendar, Senate (Senate)
- 2026-03-19: Reported Out of Legislative Commissioners' Office (legislature)
- 2026-03-13: Referred to Office of Legislative Research and Office of Fiscal Analysis 03/18/26 5:00 PM (legislature)
- 2026-03-10: Filed with Legislative Commissioners' Office (legislature)
- 2026-03-10: Joint Favorable (legislature)
- 2026-02-19: Public Hearing 02/24 (legislature)
- 2026-02-18: Referred to Joint Committee on Banking (legislature)

## Bill text

- Public Act No. 26-79, 2026-05-19: [PDF](https://www.cga.ct.gov/2026/ACT/PA/PDF/2026PA-00079-R00SB-00218-PA.PDF)
- File No. 75, 2026-03-19: [PDF](https://www.cga.ct.gov/2026/FC/PDF/2026SB-00218-R000075-FC.PDF)
- BA Joint Favorable, 2026-03-10: [PDF](https://www.cga.ct.gov/2026/TOB/S/PDF/2026SB-00218-R01-SB.PDF)
- Raised Bill, 2026-02-18: [PDF](https://www.cga.ct.gov/2026/TOB/S/PDF/2026SB-00218-R00-SB.PDF)
- BA Joint Fav. Rpt: [PDF](https://www.cga.ct.gov/2026/JFR/S/PDF/2026SB-00218-R00BA-JFR.PDF)
- BA Vote Tally Sheet (Joint Favorable): [PDF](https://www.cga.ct.gov/2026/TS/S/PDF/2026SB-00218-R00BA-CV7-TS.PDF)
- Bill Analysis For File Copy 75: [PDF](https://www.cga.ct.gov/2026/BA/PDF/2026SB-00218-R000075-BA.PDF)
- Bill Analysis for SB-218, as amended by Senate "A": [PDF](https://www.cga.ct.gov/2026/BA/PDF/2026SB-00218-R01-BA.PDF)
- Fiscal Note For File Copy 75: [PDF](https://www.cga.ct.gov/2026/FN/PDF/2026SB-00218-R000075-FN.PDF)
- Fiscal Note for Amendment LCO 4128 (See Fiscal Note Details): [PDF](https://www.cga.ct.gov/2026/fna/pdf/2026SB-00218-R00LCO04128-FNA.PDF)
- Fiscal Note for SB-218, As Amended by Senate "A" (LCO 4128): [PDF](https://www.cga.ct.gov/2026/FN/PDF/2026SB-00218-R01-FN.PDF)
- House Roll Call Vote 259 AS AMENDED: [PDF](https://www.cga.ct.gov/2026/VOTE/H/PDF/2026HV-00259-R00SB00218-HV.PDF)
- Senate Roll Call Vote 106: [PDF](https://www.cga.ct.gov/2026/VOTE/S/PDF/2026SV-00106-R00SB00218-SV.PDF)
- Senate Schedule A LCO# 4128 (J): [PDF](https://www.cga.ct.gov/2026/amd/S/pdf/2026SB-00218-R00SA-AMD.pdf)
- Summary for Public Act No. 26-79: [PDF](https://www.cga.ct.gov/2026/SUM/PDF/2026SUM00079-R02SB-00218-SUM.PDF)

## Related bills

- SB 00247: AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE AUDITORS OF PUBLIC ACCOUNTS. (signed)
- SB 00220: AN ACT CONCERNING STUDENT LITERACY, ASPIRING EDUCATORS, AMERICAN SIGN LANGUAGE AS PART OF THE WORLD LANGUAGES CURRICULUM AND THE PARAEDUCATOR HEALTH BENEFIT PL… (signed)
- SB 00191: AN ACT CONCERNING THE PSYCHEDELIC-ASSISTED THERAPY PILOT PROGRAM. (signed)
- SB 00137: AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE OFFICE OF EARLY CHILDHOOD. (signed)
- HB 05563: AN ACT CONCERNING VARIOUS CRIMINAL LAW AND CRIMINAL JUSTICE PROPOSALS, CERTIFICATES OF APPROVAL FOR AIRPORTS, HELIPORTS, VERTIPORTS, RESTRICTED LANDING AREAS A… (signed)
- HB 05509: AN ACT CONCERNING JUSTICES OF THE PEACE. (signed)

## Sources
- [Public Act No. 26-79 (PDF)](https://www.cga.ct.gov/2026/ACT/PA/PDF/2026PA-00079-R00SB-00218-PA.PDF)
- [File No. 75 (PDF)](https://www.cga.ct.gov/2026/FC/PDF/2026SB-00218-R000075-FC.PDF)
- [BA Joint Favorable (PDF)](https://www.cga.ct.gov/2026/TOB/S/PDF/2026SB-00218-R01-SB.PDF)
- [Raised Bill (PDF)](https://www.cga.ct.gov/2026/TOB/S/PDF/2026SB-00218-R00-SB.PDF)
- [BA Joint Fav. Rpt (PDF)](https://www.cga.ct.gov/2026/JFR/S/PDF/2026SB-00218-R00BA-JFR.PDF)
- [BA Vote Tally Sheet (Joint Favorable) (PDF)](https://www.cga.ct.gov/2026/TS/S/PDF/2026SB-00218-R00BA-CV7-TS.PDF)
- [Bill Analysis For File Copy 75 (PDF)](https://www.cga.ct.gov/2026/BA/PDF/2026SB-00218-R000075-BA.PDF)
- [Bill Analysis for SB-218, as amended by Senate "A" (PDF)](https://www.cga.ct.gov/2026/BA/PDF/2026SB-00218-R01-BA.PDF)
- [Fiscal Note For File Copy 75 (PDF)](https://www.cga.ct.gov/2026/FN/PDF/2026SB-00218-R000075-FN.PDF)
- [Fiscal Note for Amendment LCO 4128 (See Fiscal Note Details) (PDF)](https://www.cga.ct.gov/2026/fna/pdf/2026SB-00218-R00LCO04128-FNA.PDF)
- [Fiscal Note for SB-218, As Amended by Senate "A" (LCO 4128) (PDF)](https://www.cga.ct.gov/2026/FN/PDF/2026SB-00218-R01-FN.PDF)
- [House Roll Call Vote 259 AS AMENDED (PDF)](https://www.cga.ct.gov/2026/VOTE/H/PDF/2026HV-00259-R00SB00218-HV.PDF)
- [Senate Roll Call Vote 106 (PDF)](https://www.cga.ct.gov/2026/VOTE/S/PDF/2026SV-00106-R00SB00218-SV.PDF)
- [Senate Schedule A LCO# 4128 (J) (PDF)](https://www.cga.ct.gov/2026/amd/S/pdf/2026SB-00218-R00SA-AMD.pdf)
- [Summary for Public Act No. 26-79 (PDF)](https://www.cga.ct.gov/2026/SUM/PDF/2026SUM00079-R02SB-00218-SUM.PDF)

## Related
- [SB 00247: AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE AUDITORS OF PUBLIC ACCOUNTS.](https://policyrisk.com/state-bill/CT-SB00247-2026)
- [SB 00220: AN ACT CONCERNING STUDENT LITERACY, ASPIRING EDUCATORS, AMERICAN SIGN LANGUAGE…](https://policyrisk.com/state-bill/CT-SB00220-2026)
- [SB 00191: AN ACT CONCERNING THE PSYCHEDELIC-ASSISTED THERAPY PILOT PROGRAM.](https://policyrisk.com/state-bill/CT-SB00191-2026)
- [SB 00137: AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE OFFICE OF EARLY CHILDHOOD.](https://policyrisk.com/state-bill/CT-SB00137-2026)
- [HB 05563: AN ACT CONCERNING VARIOUS CRIMINAL LAW AND CRIMINAL JUSTICE PROPOSALS, CERTIFIC…](https://policyrisk.com/state-bill/CT-HB05563-2026)
- [HB 05509: AN ACT CONCERNING JUSTICES OF THE PEACE.](https://policyrisk.com/state-bill/CT-HB05509-2026)
- [Connecticut bills](https://policyrisk.com/states/connecticut/bills)
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Source: PRIA, https://policyrisk.com/state-bill/CT-SB00218-2026 (as of 2026-11-01).